The Shady Records family has been busy completing new projects, and first up will be Eminem's eighth studio album The Marshall Mathers LP 2 on November 5. And while you can expect a new Slaughterhouse album after, Joe Budden tells MTV News it won't happen until Em throws some serious numbers on the board.

"We're not [releasing] nothing while Em is coming out," Joe Budden told MTV News of the completed Slaughterhouse album. "Let him go ahead and sell his 20 million records and then when he's finished, we'll roll out," he added laughing.

Thus far, Em has dropped a few singles for the lyrical nerds, including the most recent "Rap God." "I think this [album] is for rap fans," Joe Budden explained. "I think that he's been inspired as of late and I know he's been working really hard. I know he has an overabundance of records to choose from and they're all rap. You can tell that even from the records released like 'Berzerk'— a real old school Beastie Boys kinda feel, and 'Rap God' — where he's just rapping for six minutes straight."

"He even dyed his hair back to blond, so he's going back to an earlier time, and I think fans will look forward to that."

Once Em reclaims the throne, there will be room for Slaughterhouse — Joe Budden, Crooked I, Joell Ortiz and Royce 5' 9'' — to release the follow up to 2012's Welcome to Our House, which Joe says is already in the bag.

"I'm really looking forward to the Slaughterhouse project, partly because this album will be very much like earlier Joe Budden albums," he explained. "Very deep, very introspective and very personal. All of the guys really went in, took it to a different place and just dug much deeper this album, so I really can't wait for the release of this one to see how fans take to it."

Currently, Joe is also at work on his upcoming EP Some Love Lost, which will be followed by the LP All Love Lost, both due out in 2014.

"[Those projects] are apples and oranges," he said. "To go from Slaughterhouse where you have to contribute one verse and some thoughts, to having to construct an entire song on your own, it's just two different worlds, but I appreciate them both for what they both are."